Ethereum Slumps, But Bitwise’s ETH ETF Draws Fresh Cash as Contrarians Step In

Ethereum Bets Revive as Bitwise ETF Attracts Fresh Inflows Despite Token Slump

Bitwise Ethereum ETF’s ETHW registered a notable inflow of $4,988,100 on February 3, 2026, signaling renewed investor interest even as the underlying asset remains under pressure. The move lifted the fund’s assets under management to $225,606,810, with the latest flow representing roughly 2.21% of AUM — a meaningful allocation shift for a single day in a sector still nursing losses.

The related asset, ETH-USD, is currently trading around $2,012.23, down about 39.47% over the past three months, underscoring the depth of the recent pullback in major cryptocurrencies. Despite that drawdown, some ETF investors appear to be leaning into the weakness, using the structured vehicle to gain exposure rather than holding the token directly. Short-term momentum remains fragile, however, with the 1-day technical signal flashing a cautious Sell, highlighting the tension between tactical traders stepping back and ETF buyers positioning for a potential medium-term rebound.

The combination of ongoing price pressure in Ethereum and fresh inflows into ETHW suggests a divergence between spot sentiment and fund flows: while chart-based indicators remain bearish, ETF investors may be looking beyond current volatility toward eventual stabilization or policy catalysts that could re-rate digital assets. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.